S&P500 on the hourly chart has fired the Slope Rider signals for divergence and short entry.
It's moving slowly and unconvincingly today but I think it will just keep moving lower, perhaps all the way to 2700.
There aren't big volume levels below here, so once the US session starts pushing it down it may retrace to the bottom of yesterday's (news fuelled) gains.
I think S&P500 is trying to push towards a resistance level at 2657, a high volume from yesterday and Pivot P for today.
I've got my Sell Limit order up there.
Keeping a tight stop loss at 10 ticks, market may be slowing down drastically today, tomorrow is Thanksgiving Day in US and Friday markets will close early.
Target recent bottom of 2640.
Prices are from...
